July 14, 2020, 07.19 PM

Based on his evaluation, Indonesia must focus on attracting investments from other big economies, such as the United States and Japan.

Read also: Indonesia to Establish Travel Bubble With Leading Partners

“Indonesia’s position typically leans towards Chinese dependency though maintaining positive relations with the United States and Japan is equally important,” Dahlil said.

Moreover, BKPM reported that it accomplished Rp 410 trillion of realized investment in June.

The figure is 58 percent of Indonesia’s total investment of Rp 708 trillion.

Dahlil affirmed that BKPM has facilitated various companies including Rosneft that invested Rp 211.9 trillion in Indonesia.

Other companies were Lotte Chemical with Rp 61.2 trillion of investments, Vale with Rp 39.2 trillion of investment, and Hyundai that contributed investments totaling Rp 21.7 trillion.

Read also: Construction of Hyundai Plant in Indonesia on Track at 22 Percent Completion Rate

Obstacles in reaching optimum realized investment in Indonesia came down to three factors, according to Dahlil.

First, the issue with sectoral allocation followed by an overlap between governors, regents, mayors, and the central government.

Page:


Recommendation
Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
August 16, 2022, 01.24 PM

UN Envoy Makes First Visit to Myanmar

News
August 15, 2022, 09.06 PM

Myanmar Court Sentences Suu Kyi to 6 Years

News
August 12, 2022, 04.41 PM

Researchers Warn of Melting Antarctic Ice Sheet

Close Ads